UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549





FORM 10-K/A

Amendment No. 1





(Mark One)

|☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
|- | -------------------------------------------------------------------------------------

For the fiscal year ended December 31, 2017

OR



|☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
|- | -----------------------------------------------------------------------------------------

For the transition period from
 to

Commission file number 814-00712





BlackRock Capital Investment Corporation

(Exact Name of Registrant as Specified in Its Charter)







|                                                              |  |                                    
|------------------------------------------------------------- |  | -----------------------------------
|Delaware                                                      |  | 20-2725151                         
|(State or Other Jurisdiction ofIncorporation or Organization) |  | (I.R.S. EmployerIdentification No.)
|                                                              | 
|40 East 52nd Street, New York, New York                       |  | 10022                              
|(Address of Principal Executive Offices)                      |  | (Zip Code)                         

Registrants Telephone Number, Including Area Code: 212-810-5800





SECURITIES
REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:



|                                        |  |                                          
|--------------------------------------- |  | -----------------------------------------
|Title of Each Class                     |  | Name of Each Exchange on Which Registered
|Common Stock, par value$0.001 per share |  | The NASDAQ Global Select Market          

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act.    Yes  ☐    No  ☒

Indicate by check mark if the Registrant
is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act.    Yes  ☐    No  ☒

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past
90 days.    Yes  ☒    No  ☐

Indicate by check mark whether
the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ☐    No  ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K
is not contained herein, and will not be contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. ☒

Indicate by check mark whether the registrant is a
large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large Accelerated Filer |  | ☐ |  | Accelerated Filer         |  | ☒
|                        |  |   | 
|Non-Accelerated Filer   |  | ☐ |  | Smaller reporting company |  | ☐
|                        |  |   | 
|Emerging growth company |  | ☐ |  |                           |  |  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the
Securities Exchange Act of 1934).    Yes  ☐    No  ☒

The
aggregate market value of the Registrants common stock held by non-affiliates of the Registrant at June 30, 2017 (the last business day of the Registrants most recently completed second
quarter) was $538,456,867 based upon the last sales price reported for such date on The NASDAQ Global Select Market. For purposes of this disclosure, shares of common stock beneficially owned by persons who own 5% or more of the outstanding shares
of common stock and shares beneficially owned by executive officers and directors of the Registrant and members of their families have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not
necessarily conclusive for other purposes. The Registrant has no non-voting common stock.

There
were 73,059,322 shares of the Registrants common stock outstanding at March 7, 2018.

Documents Incorporated by
Reference: Portions of the Registrants Proxy Statement relating to the Registrants 2018 Annual Meeting of Stockholders to be filed not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference into Part III of this Report.









---

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K of BlackRock Capital Investment
Corporation (the Company) amends the Companys Annual Report on Form 10-K for the year ended December 31, 2017, which was filed with the Securities and Exchange Commission on
March 7, 2018 (the Original Filing). This Amendment No. 1 is being filed to amend an inadvertent typo in Exhibit 10.1 filed with the Original Filing.

Further, as required by Rule 12b-15 under the Securities Exchange Act of 1934, new certifications by
our principal executive officer and principal financial officer are being filed as exhibits to this Form 10-K/A under Item 15 of Part IV hereof. Except as described above, this Amendment No. 1 does
not amend, update, or change any other information contained in the Original Filing.



---

PART IV



|Item 15. | Exhibits and Consolidated Financial Statement Schedules
|-------- | -------------------------------------------------------

The following documents are
filed as part of this Annual Report:



| | (1) | Consolidated Financial StatementsSee the Index to Consolidated Financial Statements on page F-1.
| | --- | -------------------------------------------------------------------------------------------------



| | (2) | Consolidated Financial Statement SchedulesNone. We have omitted financial statements schedules because they are not required or are not applicable, or the required information is shown in the consolidated
financial statements or notes to the consolidated financial statements.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (3) | ExhibitsPlease note that the agreements included as exhibits to this Form 10-K are included to provide information regarding their terms and are not intended to provide any
other factual or disclosure information about BlackRock Capital Investment Corporation or the other parties to the agreements. The agreements contain representations and warranties by each of the parties to the applicable agreement that have been
made solely for the benefit of the other parties to the applicable agreement and may not describe the actual state of affairs as of the date they were made or at any other time.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|       |  |                                                                                                                                                                                                                                                                                                                                                                                              
|------ |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number |  | Description                                                                                                                                                                                                                                                                                                                                                                                  
|       | 
|3.1    |  | Certificate of Incorporation of the Registrant (1)                                                                                                                                                                                                                                                                                                                                           
|       | 
|3.2    |  | Certificate of Amendment to the Certificate of Incorporation of the Registrant (2)                                                                                                                                                                                                                                                                                                           
|       | 
|3.3    |  | Amended and Restated By-laws of the Registrant (2)                                                                                                                                                                                                                                                                                                                                           
|       | 
|4.1    |  | Form of Stock Certificate of the Registrant (3)                                                                                                                                                                                                                                                                                                                                              
|       | 
|10.1*  |  | Investment Management Agreement between the Registrant and BlackRock Capital Investment Advisors, LLC                                                                                                                                                                                                                                                                                        
|       | 
|10.2   |  | Administration Agreement between the Registrant and BlackRock Financial Management, Inc. (4)                                                                                                                                                                                                                                                                                                 
|       | 
|10.3   |  | Amended and Restated Dividend Reinvestment Plan (5)                                                                                                                                                                                                                                                                                                                                          
|       | 
|10.4   |  | Custodian Services Agreement between PFPC Trust Company and the Registrant (4)                                                                                                                                                                                                                                                                                                               
|       | 
|10.5   |  | Foreign Custody Manager Agreement among Citibank, N.A., PFPC Trust Company and the Registrant (3)                                                                                                                                                                                                                                                                                            
|       | 
|10.6   |  | Transfer Agency Services Agreement between PNC Global Investment Servicing Inc. and the Registrant (4)                                                                                                                                                                                                                                                                                       
|       | 
|10.7   |  | Amended and Restated Senior Secured Revolving Credit Agreement, dated as of March 
13, 2013 as amended and restated as of March 27, 2014 among the Registrant, the lenders party thereto and Citibank, N.A. as Administrative Agent (7)                                                                                                                                                      
|       | 
|10.8   |  | Indenture dated February 19, 2013 relating to the 5.50% Convertible Senior Notes due 2018 (6)                                                                                                                                                                                                                                                                                                
|       | 
|10.9   |  | Form of Global Note 5.50% Convertible Senior Note due 2018 (included as part of exhibit 10.8) (6)                                                                                                                                                                                                                                                                                            
|       | 
|10.10  |  | Limited Liability Company Agreement, dated as of June 23, 2016, between the Registrant and Windward Investments LLC
(10)                                                                                                                                                                                                                                                                     
|       | 
|10.11  |  | Second Amendment dated June 
5, 2017 to the Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of March 13, 2013 as amended and restated as of March 27, 2014, as further amended and restated as of February 
19, 2016, as further amended as of August 8, 2016 among the Registrant, the lenders party thereto and Citibank, N.A. as Administrative Agent (11)
|       | 
|10.12  |  | Indenture dated as of June 
13, 2017 between the Registrant as Issuer and Wilmington Trust, National Association as Trustee (12)                                                                                                                                                                                                                                                             
|       | 
|10.13  |  | First Supplemental Indenture dated as of June 13, 2017 to the Indenture dated as of June 
13, 2017 between the Registrant as Issuer and Wilmington Trust, National Association as Trustee (12)                                                                                                                                                                                               



---

|       |  |                                                                                                                                                  
|------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------
|Number |  | Description                                                                                                                                      
|       | 
|10.14  |  | Form of Global Note 5.00% Convertible Senior Note due 2022 (included as part of exhibit 10.13) (12)                                              
|       | 
|11     |  | Computation of Per Share Earnings (included in the notes to the financial statements contained in
 this report)                                  
|       | 
|14.1   |  | Code of Ethics of the Registrant (8)                                                                                                             
|       | 
|14.2   |  | Code of Ethics and Business Conduct of the Registrant (9)                                                                                        
|       | 
|14.3   |  | Code of Ethics of the Advisor (13)                                                                                                               
|       | 
|21.1   |  | Subsidiaries of the Registrant (14)                                                                                                              
|       | 
|31.1*  |  | Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934                                    
|       | 
|31.2*  |  | Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934                                    
|       | 
|32.1*  |  | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U. S. C. 1350)



|* | Filed herewith.
|- | ---------------

|(1) | Previously filed with the Registrants Registration Statement on Form 10 (Commission File No. 000-51327), as amended, originally filed on May 24, 2005.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Previously filed with the Registrants Form 8-K dated as of March 9, 2015.
|--- | --------------------------------------------------------------------------

|(3) | Previously filed with the Registrants pre-effective Amendment No. 2 to the Registration Statement on Form N-2 (Commission File No. 333-141090), filed on June 14, 2007.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) | Previously filed with the Registrants Form 10-K dated as of December 31, 2005
|--- | ------------------------------------------------------------------------------

|(5) | Previously filed with the Registrants Form 8-K dated as of March 4, 2009.
|--- | --------------------------------------------------------------------------

|(6) | Previously filed with the Registrants Form 8-K dated as of February 19, 2013.
|--- | ------------------------------------------------------------------------------

|(7) | Previously filed with the Registrants Form 8-K dated as of March 27, 2014.
|--- | ---------------------------------------------------------------------------

|(8) | Previously filed with the Registrants Form 10-K for the year ended December 31, 2009.
|--- | --------------------------------------------------------------------------------------

|(9) | Previously filed with the Registrants Form 10-K for the year ended December 31, 2008.
|--- | --------------------------------------------------------------------------------------

|(10) | Previously filed with the Registrants Form 8-K dated as of June 29, 2016.
|---- | --------------------------------------------------------------------------

|(11) | Previously filed with the Registrants Form 8-K dated as of June 5, 2017.
|---- | -------------------------------------------------------------------------

|(12) | Previously filed with the Registrants Form 8-K dated as of June 13, 2017.
|---- | --------------------------------------------------------------------------

|(13) | Previously filed with the Registrants Form N-2 under the Securities Act of 1933 (File No. 333-203068), filed on March 27,
2015.
|---- | --------------------------------------------------------------------------------------------------------------------------------

|(14) | Previously filed with the Registrants Form 10-K for the year ended December 31, 2017.
|---- | --------------------------------------------------------------------------------------